Zhejiang Jinggong Integration Technology Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Jinggong Integration Technology has a total shareholder equity of CN¥1.4B and total debt of CN¥278.0M, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are CN¥2.8B and CN¥1.4B respectively. Zhejiang Jinggong Integration Technology's EBIT is CN¥161.8M making its interest coverage ratio -21.9. It has cash and short-term investments of CN¥665.7M.
Key information
20.1%
Debt to equity ratio
CN¥278.00m
Debt
Interest coverage ratio | -21.9x |
Cash | CN¥665.67m |
Equity | CN¥1.38b |
Total liabilities | CN¥1.38b |
Total assets | CN¥2.76b |
Financial Position Analysis
Short Term Liabilities: 002006's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002006's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥27.1M).
Debt to Equity History and Analysis
Debt Level: 002006 has more cash than its total debt.
Reducing Debt: 002006's debt to equity ratio has reduced from 24.7% to 20.1% over the past 5 years.
Debt Coverage: 002006's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002006 earns more interest than it pays, so coverage of interest payments is not a concern.